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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Investment Thesis
Visisth Chay Vyapar Limited is a four-decade-old Delhi-based tea processing and blending company with a small but stable operational base. Financial data is limited in public domain, though the company remains compliant with RoC filings through FY2024. Its highly unusual FY2023 revenue spike requires further investigation, and the absence of a digital presence and low promoter holding make it a low-visibility, niche FMCG play with limited near-term growth catalysts.
Pros
Cons
Business Segments
Tea Processing and Blending
Instant Tea Manufacturing
Tea Trading
Revenue Model
The company generates revenue through a combination of tea trading margins and NBFC-related income such as interest income from loans or investments. The relative contribution of each segment is not publicly disclosed.
Detailed Analysis
Growth Plans
India's growing domestic tea consumption and the premium tea segment could benefit traditional tea traders
NBFC sector in India has been growing, with credit demand from underserved segments providing opportunities
Industry Tailwinds
India's growing domestic tea consumption and the premium tea segment could benefit traditional tea traders
NBFC sector in India has been growing, with credit demand from underserved segments providing opportunities
Recent Developments
Comparable Companies
TATACONSUM · 90000 Cr
PE: 70xx
GOODRICKE
Frequently Asked Questions
About Visisth Chay Vyapar
Visisth Chay Vyapar Limited is a New Delhi-based public limited company incorporated on December 16, 1985, engaged in the tea industry. The company's business encompasses instant tea manufacturing, processing, and blending of tea products for domestic and potentially export markets. It is registered under CIN L15491DL1985PLC019848 with the Registrar of Companies, Delhi. Headquartered at A-446, Basement, Defence Colony, New Delhi, the company was founded by Binod Bihani, Tarak Nath Dey, and Champa Lal Pareek in 1985 — a period when India's tea industry was experiencing significant modernisation. The company has an authorised share capital of Rs. 20 crore and paid-up capital of Rs. 19.99 crore. Visisth Chay Vyapar operates in the instant tea and processed tea segment, which involves converting tea leaf into soluble instant tea powders and blended tea products for bulk buyers, hotels, food service chains, and packaged tea brands. Instant tea is a value-added segment of the broader Indian tea industry, which processes over 1.3 billion kg of tea annually. The company has filed its annual returns and financial statements through March 31, 2024, with Active company status. Financial data from FY2023 shows revenue growth of 4,110% year-on-year — a dramatic surge suggesting either a one-time large contract, business model change, or resumption of operations at scale. However, profitability declined by 46.97% in the same year, indicating revenue growth without proportionate bottom-line improvement. As an unlisted tea processing company based in Delhi, Visisth Chay Vyapar occupies a niche position in India's complex tea value chain, connecting Assam/Darjeeling tea producers with end users requiring processed, blended, or instant tea products.
Key Milestones
Incorporated on 16 January 1985 in Delhi as a public limited company (CIN: L15491DL1985PLC019848)
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You enquire
Takes 2 minutes
We source & quote
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You accept the allocation
Quote valid for 3 days
You transfer the funds
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Shares reach your demat
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Industry Headwinds
Lack of strategic focus between tea trading and financial services may limit competitive advantage in both sectors
Tightening RBI regulations on NBFCs post-2019 could impact NBFC operations
Dramatic revenue surge (4,110%) in FY2023 with declining profitability — nature of growth unclear
Source: Company Financial Filings
Limited publicly available financial detail given unlisted status
Source: Media Reports / Public Records
No institutional credit rating
Source: AlphaHub Research
Operating across two unrelated sectors (tea trading and NBFC) without clear strategic direction may hinder competitive positioning in either segment
As an NBFC, the company is subject to RBI regulations including capital adequacy norms, which can constrain growth or require capital infusion
At ₹5 per share, the stock may suffer from low liquidity and limited institutional interest, making capital raising difficult
Registered under FMCG / agro-processing sector with NIC classification for tea blending and instant tea manufacturing
Maintained active status through four decades with registered office at Defence Colony, New Delhi
ISIN INE668P01016 indicates prior listing/demat eligibility despite current unlisted status
Annual returns and financial statements filed with RoC Delhi up to March 2024
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